TL;DR Breakdown DCG has proposed a plan allowing unsecured creditors to recover 70-90% of their assets. DCG’s strategy revolves around selling 30 million Grayscale Bitcoin Trust shares valued at approximately $607 million to aid Gemini Earn clients’ recovery. GBTC shares currently trade at a 17.17% discount compared to Bitcoin’s price, reflecting a significant improvement over the past year. Description Digital Currency Group (DCG), the parent company of the now-defunct lender Genesis Global, has tabled a proposal that could potentially see unsecured creditors of Genesis Global recovering between 70% and 90% of their assets, with a significant portion held in digital currencies. This move is poised to substantially impact investors participating in Gemini’s cryptocurrency exchange … Read more Digital Currency Group (DCG), the parent company of the now-defunct lender Genesis Global, has tabled a proposal that could potentially see unsecured creditors of Genesis Global recovering between 70% and 90% of their assets, with a significant portion held in digital currencies. This move is poised to substantially impact investors participating in Gemini’s cryptocurrency exchange earn program, who might be on the verge…

TL;DR Breakdown Diesel collaborates with METAMORPH to drop the limited edition run of 300 collectibles on the Polygon and Polkadot networks. The spring 2024 collection starts on September 20 and is expected to attract 300 extra guests due to NFTs. Token holders can attend the upcoming show and mingle with other fans, buyers, fashion influencers, and editors. Description MILAN-Diesel reinvented itself in the spring show of 2023  by making itself relevant to the younger generation. The Italian brand unveiled its Fall Winter Collection 2023 with a decorated backdrop of over 200000 Durex boxes illustrating sex positivity.  This set the mood for the collection, which encompassed themes such as pleasure and freedom, as the … Read more MILAN-Diesel reinvented itself in the spring show of 2023  by making itself relevant to the younger generation. The Italian brand unveiled its Fall Winter Collection 2023 with a decorated backdrop of over 200000 Durex boxes illustrating sex positivity.  This set the mood for the collection, which encompassed themes such as pleasure and freedom, as the models strutted across the avalanche in the various designs,…

TL;DR Breakdown Jets QB Aaron Rodgers’s Achilles injury sends the value of Wilson’s fantasy football NFT to the sky. Wilson’s elite digital play card on Reignmakers for the NFL 2023 team, a polygon-based NFT with 30 editions, was priced at $69 and $99 during kickoff and rose to $400 on secondary markets after the QB’s injury.  The NFT market is in a stagnant state due to the ongoing bear market caused by factors such as regulatory scrutiny frustrating a number of projects, scams, and skeptical investors. Description The New York Jets fans’ worst nightmare came to fruition on Monday, as Aaron Rodgers, the New York Jets QB, fell victim to a knee injury in his much-anticipated debut in the first quarter against the NFL franchise, the Buffalo Bills.  The QB is feared to have injured his Achilles, which may keep him off … Read more The New York Jets fans’ worst nightmare came to fruition on Monday, as Aaron Rodgers, the New York Jets QB, fell victim to a knee injury in his much-anticipated debut in the first quarter against…

TL;DR Breakdown Canaan has announced the release of its game-changing Avalon 14 series miners. Competition in the industry as a catalyst for innovation. Description The recent “Avalon Bitcoin & Crypto Day” conference held in Singapore was the stage for Canaan, a prominent bitcoin mining application-specific integrated circuit (ASIC) manufacturer, to unveil its latest innovation – the Avalon-made 14 series mining rigs. These cutting-edge mining machines represent a significant leap in energy efficiency and hashing power in the world of … Read more The recent “Avalon Bitcoin & Crypto Day” conference held in Singapore was the stage for Canaan, a prominent bitcoin mining application-specific integrated circuit (ASIC) manufacturer, to unveil its latest innovation – the Avalon-made 14 series mining rigs. These cutting-edge mining machines represent a significant leap in energy efficiency and hashing power in the world of cryptocurrency mining. Canaan’s standout product at the event was the A1466I mining rig, which boasts an astonishing energy efficiency rating of fewer than 20 joules per terahash (J/T), precisely at 19.5 J/T. Canaan unveils its energy-efficient mining rig This remarkable achievement is a…

TL;DR Breakdown Apple has announced the launch of its latest iPhone device packed with cutting-edge gaming chips. Embracing the future with refined technology. Description Apple has recently revealed its highly anticipated iPhone 15 and iPhone 15 Pro models, setting a new standard for mobile gaming experiences. The iPhone 15 Pro, in particular, is poised to redefine the world of mobile gaming with its groundbreaking A17 Pro chip, promising a host of gaming enhancements. The A17 Pro chip, housed within … Read more Apple has recently revealed its highly anticipated iPhone 15 and iPhone 15 Pro models, setting a new standard for mobile gaming experiences. The iPhone 15 Pro, in particular, is poised to redefine the world of mobile gaming with its groundbreaking A17 Pro chip, promising a host of gaming enhancements. The A17 Pro chip, housed within the iPhone 15 Pro, serves as the cornerstone of its remarkable gaming capabilities. Equipped with a powerful graphics processor (GPU), this chip introduces innovative features like mesh shading, which optimizes shader processing to significantly enhance graphics performance. Apple reveals new gaming chips in…

TL;DR Breakdown The US government faces a $13 billion mortgage bond challenge post-Silicon Valley and Signature Bank collapses. FDIC seeks BlackRock’s expertise to sell complex bonds tied to Ginnie Mae project loans. Bond coupons remain below market rates, and early refinancing penalties pose hurdles. Description In the aftermath of the unsettling collapses of Silicon Valley Bank and Signature Bank, the United States government grapples with the weight of nearly $13 billion in mortgage bonds that have proven exceptionally challenging to offload. Originally backed by long-term, low-rate loans primarily earmarked for affordable apartment construction projects, the Federal Deposit Insurance Corporation (FDIC) … Read more In the aftermath of the unsettling collapses of Silicon Valley Bank and Signature Bank, the United States government grapples with the weight of nearly $13 billion in mortgage bonds that have proven exceptionally challenging to offload. Originally backed by long-term, low-rate loans primarily earmarked for affordable apartment construction projects, the Federal Deposit Insurance Corporation (FDIC) absorbed these bonds as part of a substantial $114 billion portfolio when it stepped in to take over the beleaguered banks. Amidst…

TL;DR Breakdown Microsoft president Brad Smith has proposed the use of KYC to combat AI misuse. Global AI challenges and proactive solutions. Description In an appearance before the U.S. Senate Committee on the Judiciary, Microsoft President Brad Smith discussed the role of Know Your Customer (KYC) policies in bolstering national security amid growing concerns about the misuse of artificial intelligence (AI) by foreign actors. Smith emphasized the importance of KYC policies, which have long been standard practice in … Read more In an appearance before the U.S. Senate Committee on the Judiciary, Microsoft President Brad Smith discussed the role of Know Your Customer (KYC) policies in bolstering national security amid growing concerns about the misuse of artificial intelligence (AI) by foreign actors. Smith emphasized the importance of KYC policies, which have long been standard practice in traditional finance, as a means to enhance accountability and mitigate AI-related threats. Smith underscored Microsoft’s advocacy for KYC policies within the AI industry. Microsoft wants to help AI service providers The Microsoft president also asserted that they could help AI service providers identify and…

TL;DR Breakdown Huobi Exchange rebranded as HTX on September 13, emphasizing a strategic shift. HTX aims to provide global monetary freedom and a metaverse-free port. HT, Huobi’s native token, experiences positive momentum post-rebranding. Description Huobi Exchange officially rebranded itself as “HTX” on September 13th, marking a significant shift in its identity and goals. This rebranding is more than just a name change; it’s a strategic evolution aimed at shaping the future of cryptocurrency trading. The “H” in HTX pays homage to Huobi’s illustrious history, acknowledging the platform’s remarkable journey … Read more Huobi Exchange officially rebranded itself as “HTX” on September 13th, marking a significant shift in its identity and goals. This rebranding is more than just a name change; it’s a strategic evolution aimed at shaping the future of cryptocurrency trading. The “H” in HTX pays homage to Huobi’s illustrious history, acknowledging the platform’s remarkable journey under its previous name. But HTX is not just about its past but the future. The “T” in HTX stands for TRON, signifying a steadfast commitment to align with the TRON system closely….

TL;DR Breakdown North Korea’s Lazarus Group is suspected to be behind the recent $55 million hack of cryptocurrency exchange CoinEx, according to blockchain security firm SlowMist and on-chain investigator ZachXBT. The hack has raised concerns about the vulnerabilities in the crypto ecosystem, adding to nearly $1 billion lost to cyber exploits since January 2023, as reported by cybersecurity firm CertiK. CoinEx has temporarily halted deposits and withdrawals and assured full compensation to affected users, highlighting the need for more robust security measures in the crypto industry. Description In a startling revelation, North Korea’s Lazarus Group is believed to be the mastermind behind the recent $55 million hack of cryptocurrency exchange CoinEx. The suspicion was confirmed by blockchain security firm SlowMist and on-chain investigator ZachXBT, who found a link between the CoinEx hack and a previous attack on betting platform Stake.com. Both attacks … Read more In a startling revelation, North Korea’s Lazarus Group is believed to be the mastermind behind the recent $55 million hack of cryptocurrency exchange CoinEx. The suspicion was confirmed by blockchain security firm SlowMist and on-chain…

TL;DR Breakdown The European Central Bank (ECB) is expected to maintain its current interest rates due to a swifter-than-anticipated economic slowdown across the Eurozone. There is an ongoing debate within the ECB between doves and hawks regarding the relationship between weaker growth and inflation. Industrial output in the Eurozone experienced a more significant decline in July than initially anticipated. Description The European Central Bank is poised to maintain current interest rates on Thursday, given the swifter-than-anticipated slowdown in economic activity across the euro area. Consumers in the region are showing restraint in their spending due to inflation eroding their disposable income, and the manufacturing sector has been on a declining trend since roughly mid-2022. While … Read more The European Central Bank is poised to maintain current interest rates on Thursday, given the swifter-than-anticipated slowdown in economic activity across the euro area. Consumers in the region are showing restraint in their spending due to inflation eroding their disposable income, and the manufacturing sector has been on a declining trend since roughly mid-2022. While economic theory would imply that these two…